Merit Financial Group LLC Trims Holdings in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)

Merit Financial Group LLC reduced its holdings in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 83.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,949 shares of the exchange traded fund’s stock after selling 25,707 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR EURO STOXX 50 ETF were worth $237,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FEZ. International Assets Investment Management LLC bought a new stake in SPDR EURO STOXX 50 ETF during the 4th quarter valued at approximately $23,681,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of SPDR EURO STOXX 50 ETF in the 3rd quarter valued at approximately $5,417,000. Retirement Guys Formula LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF during the fourth quarter valued at approximately $4,319,000. Optiver Holding B.V. grew its stake in SPDR EURO STOXX 50 ETF by 126.3% in the third quarter. Optiver Holding B.V. now owns 100,432 shares of the exchange traded fund’s stock worth $4,219,000 after purchasing an additional 56,050 shares during the period. Finally, Simplex Trading LLC bought a new position in SPDR EURO STOXX 50 ETF in the fourth quarter worth $1,834,000.

SPDR EURO STOXX 50 ETF Trading Up 1.0 %

Shares of SPDR EURO STOXX 50 ETF stock opened at $52.87 on Friday. SPDR EURO STOXX 50 ETF has a 12 month low of $40.23 and a 12 month high of $53.02. The firm has a market capitalization of $3.75 billion, a P/E ratio of 15.75 and a beta of 0.97. The business has a fifty day simple moving average of $51.62 and a two-hundred day simple moving average of $48.24.

SPDR EURO STOXX 50 ETF Company Profile

SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index). The Index is designed to represent the performance of some of the companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index.